Synopses & Reviews
In this major bestseller, Paul Krugman warns that, like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression have made a comeback. He lays bare the 2008 financial crisis--the greatest since the 1930s--tracing it to the failure of regulation to keep pace with an out-of-control financial system. He also tells us how to contain the crisis and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman's trademark style--lucid, lively, and supremely informed--this new edition of has become an instant classic. A hard-hitting new foreword takes the paperback edition right up to the present moment.
"The most celebrated economist of his generation." The Economist
"Krugman's facility with both arcane details and vast unified explanations boils down complexity so much that the reader often wonders: Why didn't I see it that way myself?" Boston Globe
The bestseller: the Nobel Prize-winning economist shows how today's crisis parallels the Great Depression--and explains how to avoid catastrophe. With a new foreword for this paperback edition.
The New York Timesbestseller: the Nobel Prize'"winning economist shows how today"s crisis parallels the Great Depression'"and explains how to avoid catastrophe. With a new foreword for this paperback edition.
Our newest Nobel Prize-winning economist shows how today"s crisis parallels the events that caused the Great Depression'"and explains what it will take to avoid catastrophe.
About the Author
Paul Krugman is the recipient of the 2008 Nobel Prize in Economics. He writes a twice-weekly op-ed column for the New York Times and a blog named for his 2007 book, The Conscience of a Liberal. He teaches economics at Princeton University.